In what may be seen as some relief for debt fund investors, HDFC Asset Management has decided to take Essel Group's exposure on to its own books. HDFC AMC yesterday in exchange filing told markets that they are providing about Rs 500 crore to provide liquidity to the unit-holders of fixed maturity plans (FMPs), which has an exposure to the Essel Group companies. The FMPs in question have either already matured or are with maturity upto September this year. Dhirendra Kumar, CEO of Value Research Group shared his views and outlook.
